Cyprus GDP Annual Growth Rate  1996-2016 | Data | Chart | Calendar

Cyprus GDP expanded 2.7 percent year-on-year in the second quarter of 2016, the same as in the previous period and in line with preliminary estimates. Gross fixed capital formation jumped 104.7 percent, recovering from an 86.5 percent drop in Q1 and household spending rose at a faster 1.9 percent (1.4 percent in Q1). Exports went down 3.3 percent (+14.3 percent in Q1) and imports were up 18.9 percent (-10.7 percent in Q1). On a quarterly basis, the economy expanded 0.7 percent, slowing from a 1 percent rise in Q1 and unchanged from earlier estimates. GDP Annual Growth Rate in Cyprus averaged 2.08 percent from 1996 until 2016, reaching an all time high of 6.30 percent in the second quarter of 2000 and a record low of -6.60 percent in the second quarter of 2013. GDP Annual Growth Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.

Cyprus GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.70 6.30 -6.60 1996 - 2016 percent Quarterly
SA, WDA
Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-09 09:00 AM Q1 2.7% 2.8% 2.7% 2.7%
2016-08-12 09:00 AM Q2 2.7% 2.7% 2.5%
2016-09-08 09:00 AM Q2 2.7% 2.7% 2.7% 2.7%
2016-11-15 10:00 AM Q3 2.7% 2.9%
2016-12-09 10:00 AM Q3 2.7%

Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 1.00 2.50 -2.10 percent [+]
GDP Annual Growth Rate 2.70 2.70 6.30 -6.60 percent [+]
GDP 19.32 23.23 27.49 0.49 USD Billion [+]
GDP Constant Prices 3889.20 3860.30 4218.00 2522.40 EUR Million [+]
Gross National Product 17420.60 16896.00 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 1041.10 231.40 1407.00 -6064.00 EUR Million [+]
GDP per capita 27377.20 26603.35 32319.40 7726.05 USD [+]
GDP per capita PPP 30309.63 29452.89 35781.20 23319.14 USD [+]
GDP From Agriculture 72.30 73.30 101.60 49.50 EUR Million [+]
GDP From Construction 119.30 116.10 409.70 101.80 EUR Million [+]
GDP From Manufacturing 192.68 192.81 262.72 179.89 EUR Million [+]
GDP From Mining 286.50 284.50 350.40 268.30 EUR Million [+]
GDP From Public Administration 314.96 313.64 314.96 135.41 EUR Million [+]
GDP From Services 1039.20 1029.50 1107.40 602.36 EUR Million [+]




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Cayman Islands 2.40 Mar/16
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Jordan 2.30 Mar/16
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European Union 1.80 Jun/16
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Republic of the Congo 1.20 Dec/15
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Barbados 0.90 Dec/15
Canada 0.90 Jun/16
Portugal 0.90 Jun/16
Estonia 0.80 Jun/16
Italy 0.80 Jun/16
Jamaica 0.80 Mar/16
Japan 0.80 Jun/16
Nepal 0.77 Dec/15
Taiwan 0.70 Jun/16
Iran 0.60 Mar/15
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Finland 0.40 Jun/16
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Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
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Kazakhstan 0.10 Jun/16
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Russia -0.60 Jun/16
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North Korea -1.10 Dec/15
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Belarus -1.30 Jun/16
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Oman -14.10 Dec/15
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